Robert Half International Inc (RHI)

Receivables turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 6,416,490 7,246,150 6,461,640 5,110,340 6,079,560
Receivables US$ in thousands 860,872 1,018,290 984,691 714,163 832,797
Receivables turnover 7.45 7.12 6.56 7.16 7.30

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $6,416,490K ÷ $860,872K
= 7.45

The receivables turnover ratio for Robert Half Inc has been relatively stable over the past five years, ranging from 6.56 to 7.43. This ratio indicates how efficiently the company is collecting payments from its customers. A higher ratio suggests that the company is able to collect its accounts receivable faster, which is generally a positive sign.

In this case, Robert Half Inc has consistently maintained a healthy receivables turnover ratio above 7, indicating that the company has been effective in managing its accounts receivable and converting them into cash. This may imply strong credit policies, efficient collection processes, or a customer base that pays promptly.

Overall, a stable and relatively high receivables turnover ratio is a positive indicator of the company's financial health and operational efficiency in managing its accounts receivable.


Peer comparison

Dec 31, 2023